Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed by Wolf Richter • Oct 29, 2021 • 126 Comments Margin pressures from surging labor costs for the first time in two decades.
Fed’s Lowest Lowball Inflation Measure Hits Another 30-Year High as Reckless Money-Printing Continues by Wolf Richter • Oct 29, 2021 • 150 Comments While the Fed is still printing $120 billion a month and repressing short-term rates to near 0% in the most monstrously overstimulated economy.
Fed’s Assets from Crisis to Crisis to Raging Inflation: Balance Sheet Update by Wolf Richter • Oct 28, 2021 • 125 Comments Assets at $8.6 trillion. QE faces Tapering. Already gone: Swaps, repos, corporate bonds, bond ETFs, corporate paper, money market bailouts.
Marred by Inflation, Inventory Shortages, and Record Trade Deficit, GDP Growth in Q3 Reverts to Decade Normal by Wolf Richter • Oct 28, 2021 • 91 Comments But still up 4.9% from a year ago – outside of the prior quarter, the hottest year-over-year growth in 20 years.
Suddenly Hawkish Bank of Canada Ends QE, Moves Rate Hikes Forward. 1-Year and 2-Year Yields Spike by Wolf Richter • Oct 27, 2021 • 101 Comments Spooked by inflation not being temporary.
Rents Spiked 10% to 25% in Half the Cities in October: How it’ll Push Up CPI Next Year, Ridiculing Fed’s “Transitory” Inflation by Wolf Richter • Oct 27, 2021 • 85 Comments Everywhere but San Francisco? Only 11 of the 100 largest cities showed any year-over-year rent declines at all.
House Construction Costs Spike Most since 1979 amid Materials Shortages. Unfinished Houses Pile Up, Total Inventory Highest since 2008. Prices Spike as Lower End Dies by Wolf Richter • Oct 26, 2021 • 121 Comments A peek into the glass and windows shortage.
Tesla’s Market Cap (Gigantic) v. Next 10 Automakers v. Tesla’s Global Market Share (Minuscule) by Wolf Richter • Oct 26, 2021 • 154 Comments It’s a ridiculous comparison, but hey, the CEO walks on water.
Tesla Rental Deal is Propaganda Coup for Hertz’s “Selling Shareholders” & for Tesla. But Rental Fleets Are Low-Quality Sales Automakers Don’t Tout by Wolf Richter • Oct 25, 2021 • 155 Comments Hertz +10% ahead of share offering, Tesla +13%. But why does Tesla get into low-margin rental fleet sales if there’s strong retail demand?
Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
